Strong financial profile

Total Revenue ($ billions)

Net Income ($ billions)

8.1% CAGR

25.1% CAGR

Return on Equity (%)

Diluted Earnings per Share ($)

900 bps

15.6

18.0

23.5

24.6

25.1

18.7

25.7% CAGR

3.59

4.19

3.18

2.57

2.57

2.11

2004

2005

2006

2007

YTD/07 YTD/08

2004

2005(3)

2006

2007

YTD/07 YTD/08

RBC | INVESTOR PRESENTATION

(1)

Includes writedowns after-tax and compensation adjustments of $160 mm in Q4/07 ($357 mm pre-tax) and $886 mm in YTD/08 ($1,782 mm pre-tax). Refer to the Q3.08 Report to Shareholders (RTS) for further details.

(2)

Compound annual growth rate (CAGR) is the rate at which an investment grows annually to reach a given end value.